Crowdly

Performed outside the country

Payment is in foreign currency

Supplier is non-resident

Indemnity payments result in:

Input tax

No VAT

Deemed output tax

Exemption

Change in use adjustment applies when:

No input tax was claimed

Input tax was denied

Use percentage changes

Goods are sold

Exported goods are zero-rated under:

Section 10

Section 11

Section 7

Section 12

In instalment credit agreements, the time of supply is:

When contract is signed

End of agreement

When ownership transfers

Earlier of delivery or payment

For rental agreements, the time of supply is:

Date of invoice

End of tax period

Date of delivery

Earlier of payment due or received

Fixed property is classified as:

Goods

Services

Exempt supply

Financial service

Value of supply for instalment credit agreements is based on:

Total instalments

Deposit paid

Cash value excluding interest

Market value

Deemed input tax on second-hand goods applies when purchased from:

Foreign suppliers

Vendors only

Non-vendors

Government

Which of the following is an exempt supply?

Exported goods